Form 4: Sequoia Capital Funds Distribute Maplebear Inc. (CART) Shares to Partners

Sequoia Capital funds distributed Maplebear Inc. (CART) common stock to their partners or members on September 5, 2024, at no cost.

Summary

• On September 5, 2024, several Sequoia Capital funds distributed Maplebear Inc. (CART) common stock to their partners or members.
• The distributions were pro rata and made without consideration.
• The reporting entities include SC US (TTGP), Ltd., Sequoia Capital Global Growth Fund II, L.P., Sequoia Capital Global Growth II Principals Fund, L.P., SC Global Growth II Management, L.P., SCGGF III U.S./India Management, L.P., Sequoia Capital Global Growth Fund III Endurance Partners, L.P., SCGGF III Endurance Partners Management, L.P., Sequoia Capital U.S. Venture Fund XIV, L.P., SC U.S. Venture XIV Management, L.P., and Sequoia Capital U.S. Venture Partners Fund XIV, L.P.
• These entities may be deemed to share voting and dispositive power with respect to the shares held by various funds, but they disclaim beneficial ownership except to the extent of their pecuniary interest.
• The distributions involved multiple Sequoia Capital funds and related entities, indicating a restructuring or allocation of shares among their investors.
• The total amount of shares distributed is not explicitly stated, but the filing details changes in beneficial ownership for each reporting person.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing a distribution of shares, which is neutral in sentiment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by insiders, providing transparency to the market.

Stakeholder Impact

• The distribution of shares may have a minor impact on shareholders due to the change in ownership structure.

Key Dates